§ 464-A:27 — Sales and Purchase

I. The judge of probate, upon petition of the guardian of the estate or of any other person interested in the estate of any ward, may license the guardian to sell, mortgage, pledge, lease or exchange any property of the guardianship estate, including goods and chattels, real estate, or wood and timber growing thereon, upon such terms as the judge may order, for the purpose of paying the ward's debts, providing for said ward's care, maintenance, rehabilitation, training or education and the care, maintenance and education of said ward's dependents, investing the proceeds, or for any other purpose which is in the best interest of the ward. The judge of probate may act on the petition without notice and hearing, if consents signed by all persons interested in the guardianship estate are filed with the petition. If such consents are not filed with the petition, the judge of probate may act on the petition only after notice and hearing.
II. No guardian shall purchase property of the ward, nor sell property of the guardian to the ward unless the price and manner of sale are approved by the probate court.
III. If the judge is not satisfied that the guardian has already given bond sufficient to ensure his or her prudent conduct in a sale and to account for the proceeds thereof, the judge shall, before issuing a license, require of the guardian a bond sufficient for that purpose.
IV. All sales shall be made within 2 years after the grant of the license.

Legislative History

1979, 370:1. 1981, 564:12, eff. Aug. 29, 1981.